Thread: The Bailout
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Old 11-19-2008, 01:19 PM
BlueAngel BlueAngel is offline
Senior Member
Join Date: May 2007
Posts: 3,788
Default Re: The Bailout

The banks made bad loans.

Freddie Mac and Fannie Mae bought the loans because they new the FED would bail them out.

Who made money?

Who lost money?

We know the answer.

In the process, the FED has taken over some private banks and given themselves yet more power.

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